Message #47 From:
NewsBot Date: October 31, 2006 09:53:00 AM
KDSM News Klondike Star Releases More Lone Star Project Drilling Results
SEATTLE--(BUSINESS WIRE)--Donald W. Flinn, P.Eng., Vice-President, Operations for Klondike Star
Mineral Corporation (OTCBB:KDSM) is pleased to announce the results from
holes 10 to 13 drilled at the Lone Star Zone this summer. These diamond
drilling results add to those reported for holes 4 to 9 on October 19,
2006 (“Klondike Star Expands Lone Star Zone).
Drilling results previously released for holes 1 to 3 pertain to the
Nugget Zone of the Lone Star Project.
Holes 06LS-10 to 06LS-13 were drilled to the north of the previously
defined zone, stepping out further north from holes 4 to 9. Each hole
intersected broad zones of mineralized, low grade material (such as,
0.26 g/t Au over 75 meter in hole 10), containing narrower intervals at
higher grade (e.g. 10.75 g/t Au over 1.0 meter in hole 10).
These four vertical holes were drilled spaced about 50 meters apart. The
holes were stepped out at least 50 meters from the collars of any
previous drill-holes. The target zone is open in all directions in this
area. All of these holes were stopped within the favourable
quartz-muscovite host rock, at depths of 175 meters or less.
Bill Mann, M.Sc., Exploration Manager says, “These
results confirm the validity of our strategy to test the host rock
beyond the previously identified linear trend at Lone Star, greatly
increasing the exploration potential of the zone.”
Subsequent to these holes, the drill was moved about 800 meters to the
northwest of the known Lone Star Zone to test for extensions of the
mineralized trend in the O’Neil Gulch area.
Drilling is expected to continue through October.
Klondike Star is currently focusing exploration efforts at its
majority-owned Lone Star Project that includes 1,056 mineral claims and
crown grants involving an area of 151.7 square kilometres (or 58.6
square miles) on the Lone Star Zone, the Nugget Zone, the Buckland Sheer
Zone and the 27-Pup-Dysle-Veronika Zone. All four zones extend over
large areas with excellent opportunity for the existence of multiple
mineralized zones, along both strike and dip. They belong to a class of
structures which have potential for large, medium-grade, bulk-tonnage
ore bodies.
Gold on the Lone Star property is present as coarse free gold, with
pyrite in disseminations, and locally is associated with narrow
discordant quartz veins. The mineralized zones are associated with
quartz-carbonate-pyrite alteration, and are hosted by felsic
metavolcanic schist.
ASSAY TABLE
From
To
Interval
GOLD
HOLE No.
Azimuth
DIP
metres
metres
metres
grams/tonne
06LS10
--
-90
6.00
11.20
5.20
0.20
and
48.60
54.00
5.40
0.41
and
98.00
173.00
75.00
0.26
including
113.00
114.00
1.00
10.75
06LS11
--
-90
45.00
56.00
11.00
0.45
and
142.25
152.00
9.75
0.23
including
145.50
146.20
0.70
1.20
06LS12
--
-90
74.00
85.00
11.00
0.33
including
75.00
76.00
1.00
1.66
and
99.00
102.00
3.00
0.75
06LS13
--
-90
24.00
25.00
1.00
1.16
and
45.00
75.00
30.00
0.34
including
50.00
51.00
1.00
5.93
and
94.00
100.00
6.00
1.52
including
96.00
97.00
1.00
6.10
and
134.00
149.00
15.00
0.14
HQ size drill core is delivered to the core shack by the drill
contractor, where the geological staff photographs and logs the core for
geological and geotechnical details. The core is then sawn in half
lengthwise using a diamond saw, with half core retained for future
examination. The half core samples are sealed and shipped via surface
freight to Acme Analytical Laboratories Ltd. of Vancouver, B.C., an ISO
9001:2000 accredited facility, where the core is dried, crushed and
analyzed for gold by metallic sieve fire assay.
About Klondike Star
Klondike Star Mineral Corporation is an established exploration and
development company actively working on eight major properties,
totalling 463 square kilometers (179 square miles) in the Yukon Canada.
The company is developing extensive surface and subsurface mineralized
zones on a 370 square kilometer (143 square miles) land position
underlying the site of the Klondike gold producing region in the Dawson
mining district. These holdings include, but are not limited to
properties known as the Lone Star Project and the Indian River Placer
Project, both advanced stage exploration. Additionally, Klondike Star
holds interests in 93 square kilometers (36 square miles) of select high
potential targets for gold, base and precious metals in the Watson Lake
and Whitehorse mining districts of the Yukon.
The statements in the press release that relate to the company's
expectations with regard to the future impact on the company's results
from new products or actions in development are forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this document may also contain
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Since this information may contain statements that involve risk
and uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
